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January-September 2013

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Mexico

Mexico highlights in the third quarter

  • Leading franchise with strong earnings.
  • Faster pace of growth in lending to the retail segment.
  • Strong performance in fund gathering, especially transactional customer funds.
  • Stable risk indicators.
  • BBVA reinforces its commitment to SMEs in the Mexican market.
Income statement

(Million euros)

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Mexico

Jan.-Sep. 13 Δ % Δ % (1) Jan.-Sep. 12
Net interest income 3,347 8.5 6.9 3,086
Net fees and commissions 883 11.8 10.2 790
Net trading income 128 (25.8) (26.9) 172
Other income/expenses 242 14.5 12.9 211
Gross income 4,600 8.0 6.4 4,260
Operating costs (1,752) 8.6 7.0 (1,614)
Personnel expenses (753) 10.2 8.6 (684)
General and administrative expenses (878) 5.3 3.8 (834)
Depreciation and amortization (121) 25.2 23.4 (97)
Operating income 2,848 7.6 6.1 2,646
Impairment on financial assets (net) (1,101) 13.6 12.0 (970)
Provisions (net) and other gains (losses) (46) 20.4 18.7 (39)
Income before tax 1,700 3.8 2.3 1,638
Income tax (408) (0.3) (1.7) (409)
Net income 1,293 5.2 3.7 1,229
Non-controlling interests - - - -
Net attributable profit 1,292 5.2 3.7 1,228
(1) At constant exchange rate.
Balance sheet

(Million euros)

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Mexico

30-09-13 Δ % Δ % (1) 30-09-12
Cash and balances with central banks 4,994 (3.0) 4.2 5,149
Financial assets 28,131 (12.8) (6.3) 32,277
Loans and receivables 41,725 (1.3) 6.0 42,288
Loans and advances to customers 37,262 (1.8) 5.5 37,959
Loans and advances to credit institutions and other 4,463 3.1 10.8 4,329
Tangible assets 1,183 1.5 9.1 1,165
Other assets 4,074 31.1 40.8 3,108
Total assets/Liabilities and equity 80,106 (4.6) 2.5 83,987
Deposits from central banks and credit institutions 9,611 (35.3) (30.5) 14,859
Deposits from customers 39,087 8.0 16.1 36,185
Debt certificates 3,918 (10.2) (3.5) 4,362
Subordinated liabilities 3,863 (10.7) (4.1) 4,327
Financial liabilities held for trading 6,679 0.2 7.7 6,667
Other liabilities 12,639 1.4 8.9 12,470
Economic capital allocated 4,309 (15.8) (9.5) 5,117
(1) At constant exchange rate.
Relevant business indicators

(Million euros and percentage)

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Mexico

30-09-13 31-12-12 30-09-12
Performing loans (1) 37,321 35,664 34,969
Customer deposits under management (1-2) 41,737 38,905 36,484
Mutual funds 16,713 17,492 17,698
Pension funds - - -
Efficiency ratio (%) 38.1 37.6 37.9
NPA ratio (%) 4.1 3.8 4.1
NPA coverage ratio (%) 105 114 107
Risk premium (%) 3.64 3.48 3.45
(1) Figures at constant exchange rate. (2) Including all the repos.

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